What is Monese?
Monese is a digital banking app and card using smartphone technology to improve your banking experience.
Order your card now + free £25 welcome Bonus!
Follow this link to redeem your bonus!
Use coupon code "ABDEL952" during sign-up to get £25 / €25 to try out the service once you do the first transaction with your Monese card!
Included free with all plans:
✔︎ UK account number and sort code
✔︎ Additional Eurozone account
✔︎ Free Contactless debit card
✔︎ Fast UK transfers
✔︎ Instant Monese to Monese transfers
✔︎ Low cost international bank transfers
✔︎ Direct Debits
✔︎ Google Pay support
✔︎ In-app card lock/unlock
✔︎ Export statements
✔︎ High-end security
✔︎ Highly rated customer support from real humans
✔︎ The all-singing, all-dancing Monese appBe free to open the best current account for you
Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required.
Pay with your phone
Add Monese to your phone's wallet and make smart, fast and secure contactless payments with Apple Pay or Google Pay.
How does Monese work?
Monese Bank works through an app on your phone, it's completely digital apart from the bank card you can choose to pay for.
Monese works like a traditional banking system, but more streamlined. The app has multiple tabs focussed on different aspects of your account:
Debit card: Order and manage your contactless debit card. You can see whether your card is active and get a reminder of your pin.
Support: The support tab provides customers with easy access to customer service via instant messenger or email. This tab also has an FAQ section.
My plan: Monese offers a free account and two paid account options. From this tab you can see what benefits might come from an upgrade or subscribe to the service.
Direct debits: View and manage your active direct debits. Your account number and sort code are provided on this page for you to copy.
Add Eurozone account: Add a Eurozone account at the click of a button. You can switch between your UK and European accounts at any time on the home page.
Invite and earn: Invite a friend and you will earn £25 once they deposit money into their account, they also get £25.
Check out this video to see how the app looks and works:
How can I transfer money with Monese?
UK bank transfers: Pay friends, families or bills with bank transfers. Monese uses the Faster Payments Service and says that it typically takes around 2–4 hours for your payee to receive the money you've transferred.
Foreign transfer: Transfer money abroad into eight different currencies - for up to 8x less than using a high street bank. Monese uses the "interbank rate", much like Revolut. The delivery time for your money depends on the processing times of the receiving bank. Depending on the currency you're sending and the time (try send before 4pm), your transfer should take between 2–4 business days.
Foreign transfer from Eurozone account: If you're transferring money to someone with a Euro account through a SEPA payment, then it should reach them by the next working day - or the day after that.
Direct Debits: Set up a direct debit and automatically pay for utilities and services. Whether its your gym membership, phone contract, or your electricity bill - this way you won't forget to pay rent this month.
Standing Orders: Set up a standing order (or 'Recurring Payment') to make routine payments for a specified amount, payee and date - all managed in-app.
Pay Your Contacts: Make payments to friends and family - straight from your phone's contact list. See who's already a Monese user, and to whom you'll be able to make an instant payment.
Overall verdict
Monese is a great option for travellers and works well if you are looking to set up an account quickly in another country. If you live in the UK with no plans to travel but wish to join a mobile bank, there might be better options, but even so Monese is competitive.
